This textbook focuses on financial accounting, which provides financial information primarily for decisionmakers outside the business entity. The basic goal of this textbook is to introduce you to fundamental accounting concepts, the basic accounting principles, and the elements of financial statements. In addition, you would gain an understanding of the accounting cycle, learn how to prepare basic financial statements, and perform analysis of those statements. Students acquire a basic knowledge of the language of business.
作者简介
李敏，Min Li is a lecturer of accounting at School of Economics and Management,Chang'an University,where she teaches Accounting, Financial Accounting, Cost Management and Accounting System Design.Min has an undergraduate accounting degree and a PhD from Chang'an University.
Min's main career interest is accounting education. She has been recognized and chosen by her students and peers.In 2013 and 2017, she was awarded the Outstanding Teacher at Chang'an University.In 2018, she was admitted to Excellent Supervisor of Graduation Thesis at Chang'an University.
Min's primary teaching and research interests are concerned with the financial accounting and reporting,and cost management.She has presided and participated in a number of national and provincial proiects, including the Shaanxi Social Science Fund Project and the Major Theoretical and Practical Problems Research Project in the Shaanxi social science field.She has also conducted two projects of the Shaanxi Transport Management Bureau. Min has written a number of articles for scholarly journals. More than 10 academic papers have been published, among which 3 have been indexed by SCI,SSCI and 3 by CSSCI.
目录
Chapter 1 Introduction to Financial Accounting 1.1 Introduction 1.2 Accounting Defined 1.3 Business Organizations 1.4 The Basic Accounting Equation 1.5 Financial Statements 1.6 Generally Accepted Accounting Principles (GAAP) Summary of This Chapter Chapter 2 The Accounting Process 2.1 Accounts 2.2 Doubleentry Accounting 2.3 The Accounting Cycle 2.4 Using Formal Accounting Records 2.5 The Trial Balance and Balance Sheet Summary of This Chapter Chapter 3 Singlestep Income Statement 3.1 The Operating cycle 3.2 The Two Accounting Methods 3.3 Income Statement Accounts 3.4 Revenue Recognition 3.5 Expense Recognition 3.6 The Expanded Accounting Equation 3.7 Unadjusted Trial Balance Summary of This Chapter Chapter 4 The Use of Adjusting Entries 4.1 Adjusting Entries 4.2 The Adjusted Trial Balance 4.3 Prepare Financial Statements 4.4 The Closing Process Summary of This Chapter Chapter 5 Accounting for the Sale of Goods 5.1 The Basics of Merchandizing 5.2 Inventory Systems 5.3 Inventory Purchase under a Perpetual Inventory System 5.4 Inventory Sale under a Perpetual Inventory System 5.5 Merchandizing Multistep Income Statement Summary of This Chapter Chapter 6 Inventory Costing Methods 6.1 Types of Inventory 6.2 Three Inventory Cost Flow Assumptions 6.3 Financial Statement Effects of Different Inventory Cost Flows 6.4 Lower of Cost or Market (LCM) Summary of This Chapter Chapter 7 Accounts Receivable and Notes Receivable 7.1 Extending Credit 7.2 Accounts Receivable and Bad Debts Expense 7.3 Two Methods for Estimating Bad Debts Expense 7.4 Writeoffs and Recoveries 7.5 Notes Receivable and Interest Revenue Summary of This Chapter Chapter 8 Longlived Assets 8.1 Definition and Classification 8.2 Accounting Decision for Tangible Assets 8.3 Depreciation 8.4 Accounting Decision for Intangible Assets 8.5 Goodwill 8.6 Disclosure Summary of This Chapter Chapter 9 Debt Financing: Liabilities 9.1 The Role of Liabilities 9.2 Current Liabilities 9.3 NonCurrent Liabilities 9.4 Contingent Liabilities Summary of This Chapter Chapter 10 Debt Financing: Bonds 10.1 Bonds and Bond pricing 10.2 Accounting for a Bond Issue 10.3 Interest Expense on Bonds Issued 10.4 Bond Retirements Summary of This Chapter Chapter 11 Equity Financing 11.1 Equity Financing and Debt Financing 11.2 Main Elements of Stockholders’ Equity 11.3 Treasury stock 11.4 Dividends and Stock Split 11.5 Preferred Stock 11.6 Retained Earnings Summary of This Chapter Chapter 12 The Statement of Cash Flows 12.1 Financial Statement Reporting 12.2 Preparing the Statement of Cash Flows 12.3 Interpreting the Statement of Cash Flows Summary of This Chapter Chapter 13 Framework for Financial Statement Analysis 13.1 Introduction to Financial Analysis 13.2 Ratio Analysis 13.3 Horizontal and Vertical Analyses 13.4 Summary of Financial Ratios 13.5 Underlying Accounting Concepts Summary of This Chapter References
